Galadari Hotels (Lanka) PLC has entered into a landmark Restaurant Management Agreement with Soho Hospitality Corporate Service Provider – FZCO, a prominent restaurant operator based in Dubai, UAE. This strategic partnership was confirmed following a decision by the Galadari Hotels Board on November 11, 2024. The agreement, formalized on November 18, 2024, paves the way…
The Embassy of Switzerland, in collaboration with the Government of Sri Lanka and the International Labour Organization (ILO), hosted the hand-over ceremony of the Safe Labour Migration Programme (SLMP) at Cinnamon Life, Colombo. This event marked the formal conclusion of a 14-year partnership that significantly advanced the safe and regular labour migration landscape in Sri…
The Embassy of Sri Lanka in Ankara promoted Sri Lanka’s rich cultural heritage, stunning natural landscapes, and diverse travel offerings at Travel EXPO 2024, which took place from 14 to 17 November at the ATO Congresium in Ankara. The Travel EXPO, one of Türkiye’s premier tourism events, featured participants from 30 countries, 14 cities, with…
The Sri Lanka Business Council of the Maldives (SLBCM) was officially launched on 12 November 2024, at Hotel Jen Malé. This initiative, conceptualized and spearheaded by High Commissioner of Sri Lanka to the Maldives, Ranga Goonawardena, marks a major step forward in fostering stronger economic collaboration and unlocking new opportunities between Sri Lanka and the Maldives….
IFC’s projects delivered significant impact across Asia Pacific in the last fiscal year, addressing pressing development challenges including climate change, gender inequality, food insecurity, and financial inclusion, while creating jobs and improving services across the region. IFC, the largest global development institution focused on the private sector in emerging markets and a member of the…
The Securities and Exchange Commission (SEC) signed revised Memoranda of Understanding (MoUs) with Eastern University of Sri Lanka (EUSL) and the South Eastern University of Sri Lanka (SEUSL) last week, reinforcing its commitment to supporting the educational and career aspirations of undergraduates. The SEC began its partnership with national universities in 2008 through the signing…
SriLankan Airlines, the official Airline Partner of the Sri Lanka Design Festival (SLDF), premiered the latest range of products under its award-winning upcycle brand, ‘Mathaka,’ at the event held from 6 to 11 November 2024 at Cinnamon Life. Launched in 2021, SriLankan Airlines’ ‘Mathaka’ brand transforms the airline’s retired materials into a range of on-trend…
The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial sector. This second subprogram of ADB’s Financial Sector Stability and Reforms Program builds on the stabilization and crisis management measures put in place under the first subprogram approved in 2023. “Sri Lanka has made…
K. M. Mahinda Siriwardena, who was appointed as the Secretary to the Ministry of Finance, Planning and Economic Development, re-assumed duties in his post today (20). Senior officials including Deputy Secretaries to the Treasury and Heads of Departments under the Ministry of Finance were present on the occasion. He has made a significant contribution to…
Now that the United States (US) election has concluded, what direction will the US’s trade policy be headed? This is one of the burning questions that many of its trading partners are asking in the aftermath of the presidential election. A costly trade war was the outcome of the tariff hikes in 2018 – under the…
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